Baxter International Reaches New 52-Week High (BAX)

NEW YORK ( TheStreet) -- Baxter International (NYSE: BAX) hit a new 52-week high Thursday as it is currently trading at $73.97, above its previous 52-week high of $73.95 with 1.1 million shares traded as of 11:45 a.m. ET. Average volume has been 3.4 million shares over the past 30 days.

Baxter International has a market cap of $39.47 billion and is part of the health care sector and health services industry. Shares are up 9.6% year to date as of the close of trading on Wednesday.

Baxter International Inc., through its subsidiaries, develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.

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TheStreet Ratings rates Baxter International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Baxter International Ratings Report.

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